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Feb 20, 2013
02/13
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this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, bu
this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say...
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Feb 19, 2013
02/13
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this comes as a time when washington is gearing up far major fight about raising the debt ceiling. his new book is called "the parties versus the people. >> how to turn republicans and democrats into americans." i'm pleased to have mickey edwards at this table. welcome. >> thank you, charlie. >> rose: tell me what we need to do here to turn republicans and democrats into people? >> they are people who care about the country, they want to do the right thing, but the reward system that we have created where in order to get elected to congress today through the closed party primaries and the fact that if you lose your primary you can't be on the ballot in november means basically the people who go to washington are the ones selected by a small number of hard core ideologues who vote in the party primaries. >> rose: that's been that way far while, hasn't it? not extreme but the most active elements have control of the election? >> they do. and sometimes you see things like in utah where robert bennett was trying to run for renomination they had a confession and 2,000 people voted again
this comes as a time when washington is gearing up far major fight about raising the debt ceiling. his new book is called "the parties versus the people. >> how to turn republicans and democrats into americans." i'm pleased to have mickey edwards at this table. welcome. >> thank you, charlie. >> rose: tell me what we need to do here to turn republicans and democrats into people? >> they are people who care about the country, they want to do the right thing, but...
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Feb 21, 2013
02/13
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CSPAN
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that was a line of demarcation, the debt ceiling fight. our numbers were as bad as they were throughout the whole president's. -- presidency. the creditors and washington were swirling around. all folks were nervous. and it was clear that we were now in a situation where we had to fight and we had to pull out of the nose dive we were in. but the mechanism was already -- there were mechanical things that had to be done. one thing we do is they were going to have a big primary and we would have time to put things in motion while they were busy that would ultimately redound to our benefit. >> take me through when you guys started operationally -- part of it is just, what you have to start the things to build the programs? >> i was at a dnc for 2009-2010 support of the work was building the foundation of what we knew would come for the reelection. while it was not a permanent campaign, there were a lot of things under the radar, the analytics. building on some of the internal polling that we did, really holding the 50 states strategy and havin
that was a line of demarcation, the debt ceiling fight. our numbers were as bad as they were throughout the whole president's. -- presidency. the creditors and washington were swirling around. all folks were nervous. and it was clear that we were now in a situation where we had to fight and we had to pull out of the nose dive we were in. but the mechanism was already -- there were mechanical things that had to be done. one thing we do is they were going to have a big primary and we would have...
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Feb 20, 2013
02/13
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FOXNEWSW
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we could do what jenna was talking about and break a deal and get out of this debt ceiling and the rest. but at the moment, that is seen by the white house, and we have just a statement that came out from the white house communications, saying that this is not a deal that the president is making. this is up to the republicans. the republicans have passed a budget plan that has expired. where are the loopholes that would close and are opposed by speaker boehner? so we see this ping-pong back and forth. but we do not see the cooler heads that you are talking about. jon: clearly there will be damage done if the sequestration goes through. but the president is pushing all of these these emotional buttons. headstart and student loans and all kinds of things like this that are not necessarily going to happen. >> they would happen under the sequestration. i think your point is that he could make changes to avoid some damage. i don't know where the water would flow in terms of additional cuts. but you are right. again, it would be seen in washington as this very polarized moment. it would be se
we could do what jenna was talking about and break a deal and get out of this debt ceiling and the rest. but at the moment, that is seen by the white house, and we have just a statement that came out from the white house communications, saying that this is not a deal that the president is making. this is up to the republicans. the republicans have passed a budget plan that has expired. where are the loopholes that would close and are opposed by speaker boehner? so we see this ping-pong back and...
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Feb 13, 2013
02/13
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MSNBCW
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if you check with what has gone through the house today, we had a debt ceiling crisis. did you hear us go to the brink, or did you watch the house and the republicans take the lead and move that beyond and put the focus on to the budget? when you talk today about sequestration, what the president talked about, that's what was the president's idea in the last debt ceiling. one thing i will say is the most important thing we need to do is end the uncertainty, end the crisis prks but what you have to do is deal with those issues early. that's why the house, last term, passed two bills that dealt with sequestration. the senate did nothing. now we're coming up to the deadline, and now people are creating a crisis. if you want to focus on something, you should plan to the future. and if we haven't had a budget come out of the senate in the last three years, and what i think is most ironic, you've got tim cook, ceo of apple, sitting up with the first lady. the last time the senate democrats passed a budget, the ipad wasn't even introduced yet. so yeah. i would do the first pri
if you check with what has gone through the house today, we had a debt ceiling crisis. did you hear us go to the brink, or did you watch the house and the republicans take the lead and move that beyond and put the focus on to the budget? when you talk today about sequestration, what the president talked about, that's what was the president's idea in the last debt ceiling. one thing i will say is the most important thing we need to do is end the uncertainty, end the crisis prks but what you have...
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Feb 20, 2013
02/13
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CNN
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>> wolf, this is all part of the debt ceiling negotiations in 2011, where the republicans said that we are going to force the country to default if we don't get what we want. and so the president working with congress came up with a proposal that tried to force congress to do balance deficit reduction. congress is choosing not to do that because republicans are refusing for a very long time and consider tax revenue a part of that. let's forget, the speaker says now this was the president's idea. after this was passed and the speaker voted for it and all of his lieutenants voted for it, he went to the floor of the house and crowed about how this was a deal where he he got 98% of what he wanted. maybe the trillion dollar sequester was the 2% he didn't want but i find a lot of that hard to believe. they he should stop trying to cast blame here and actually try to help the american people by working with this president to come up with a balanced solution to deal with this secoquester a focus on job growth and economic growth in this country. >> you could come up with $85 billion very quick
>> wolf, this is all part of the debt ceiling negotiations in 2011, where the republicans said that we are going to force the country to default if we don't get what we want. and so the president working with congress came up with a proposal that tried to force congress to do balance deficit reduction. congress is choosing not to do that because republicans are refusing for a very long time and consider tax revenue a part of that. let's forget, the speaker says now this was the...
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Feb 18, 2013
02/13
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MSNBCW
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remember when the president voted against raising the debt ceiling in 2006? he talked about the staggering deficits and the staggering debt. that was six, seven years ago. so the president's now going to wait two or three more years? i mean, i think you're right. i think that's what he's doing, but how long do we push that out before we start worrying about -- >> that lack of continuity you can find on both sides, which is why they have to do it together. i don't know how else. >> exactly. and paul wrote columns back in 2002, 2003 worrying about the deficit when george w. bush was in the white house, saying we couldn't afford the iraq war because the deficits were just too high. we couldn't afford tax cuts because the deficits were just going to be too high. >> different paul krugman. >> different president, actually. different party. >> all right. you can get all of our must-read opinion pages on our website. while you're there, check out my latest blog on tina tchen, first lady michelle obama's chief of staff. it's part of my women of values series. she is
remember when the president voted against raising the debt ceiling in 2006? he talked about the staggering deficits and the staggering debt. that was six, seven years ago. so the president's now going to wait two or three more years? i mean, i think you're right. i think that's what he's doing, but how long do we push that out before we start worrying about -- >> that lack of continuity you can find on both sides, which is why they have to do it together. i don't know how else. >>...
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Feb 18, 2013
02/13
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FBC
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in august, it will be on the debt ceiling again. it is almost like we are going into a situation where we cannot chew gum and talk at the same time. we do need to take a long-term love. it is a town almost, you know, beholding to itself. dagen: i want to follow up on that. do you believe that part of the democrats alternate plan will not just include increases in taxes, and raising revenues, but will also include serious spending cuts. they continue to say there are places in which they can reduce spending. it has been said to look for the president's budget. that is what is really needed right now. the spending cuts that are out there right now are almost touching it at the margin. until we deal with it, we really cannot deal with the long-term affect. >> i wish you were on capitol hill. i wish you were an elected official. the president is saying the exact opposite. they are saying there is not a spending problem. all they are concerned about is raising taxes. if we jacked up the tax rate for the 50% of top earners, that would be
in august, it will be on the debt ceiling again. it is almost like we are going into a situation where we cannot chew gum and talk at the same time. we do need to take a long-term love. it is a town almost, you know, beholding to itself. dagen: i want to follow up on that. do you believe that part of the democrats alternate plan will not just include increases in taxes, and raising revenues, but will also include serious spending cuts. they continue to say there are places in which they can...
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Feb 20, 2013
02/13
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another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare
another thing that is talked about is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that...
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Feb 16, 2013
02/13
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ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling he didn't say he's also going to the west bank, perhaps he is. most often these trips do include that, that he didn't want to mention if indeed what you showed was the release, that's an interesting angle to follow up on. this is what lawmakers do to season themselves, to become experts. is he not seen as necessarily an expert on international affairs right now and this is one of the areas that you go and by the way, if you wonder why a florida senator would be going to israel, it's because it's a major voting body within t
ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling...
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Feb 20, 2013
02/13
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and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same th
and remember, we also have the issue of funding the government and the debt ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just...
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Feb 20, 2013
02/13
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ceiling and other continuing resolution and other aspects of the federal fiscal situation which are very concerning and we think pose not only near-term threats to the travel business, but longer term threats to the economy if our political leaders can't get to an agreement. >> it shouldn't be this way. you are picking up in your industry from the brutality of the 2007-2008 downturn. you don't have supply for hotel rooms coming onstream. you should have really good pricing power at the moment. i see that in your negotiations for corporate customers, you expect to increase your room rates by high single digits. are you happy with that or had you hoped for more? >> no, i think -- the frustrating thing about this political situation in washington is business is really good and there are so many aspects of our economy which are not only good for our business, but show broad recovery. so our comp sales growth were up 8% in the month of january and we feel really good about the way that the year has started, which makes this doubly frustrating. the sequestration is a sign of the failure o
ceiling and other continuing resolution and other aspects of the federal fiscal situation which are very concerning and we think pose not only near-term threats to the travel business, but longer term threats to the economy if our political leaders can't get to an agreement. >> it shouldn't be this way. you are picking up in your industry from the brutality of the 2007-2008 downturn. you don't have supply for hotel rooms coming onstream. you should have really good pricing power at the...
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Feb 14, 2013
02/13
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KGO
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and middle of may, you have the deadline about the debt ceiling. so all these fiscal matters and you have to wonder if that's going to suck so much political oxygen out of capitol hill, what else will they be able to get done. every three months there's another fiscal crisis. >> manufactured crisis is the way president obama phrased it. >>> california lawmakers are considering a ban against hands free texting while driving. a state senator who wants to outlaw the practice says voice-controlled texting behind the wheel is just as dangerous as typing out the letters. a recent study found hands-free texting demands longer glances away from the road. the first hearing on this bill is expected in the spring. >>> a new zealand coroner says a two gallon a day coca cola habit was a substantial factor in the death of a 31-year-old woman. natasha harris was a mother of eight who died suddenly three years ago. the coroner found that her death was caused by a heart attack which he says was brought on by excessive consumption of coke. coca-cola disputes the fin
and middle of may, you have the deadline about the debt ceiling. so all these fiscal matters and you have to wonder if that's going to suck so much political oxygen out of capitol hill, what else will they be able to get done. every three months there's another fiscal crisis. >> manufactured crisis is the way president obama phrased it. >>> california lawmakers are considering a ban against hands free texting while driving. a state senator who wants to outlaw the practice says...
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Feb 14, 2013
02/13
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ceiling, every single thing you mentioned was policymakers. has it always been like that or is this a different period for your firm? >> this is i think pretty new. >> so it's hard to avoid talking about those things, right? >> that you have to pay attention to central banks, of course, and this philosophy of becoming more like bernanke. and then, of course, you have to watch what happens in washington. >> we never used to, though, did we? >> no. it's certainly -- >> how much more time did you spend in washington? >> it's forget, just looking at the years with it it all along. >> do you agree with that? >> i do. i think policy making has become the macro. these bright spots that people are talking about today have unfolded over much of the last year. so our case could be -- it's not that they ignored it. they were so amass by the focus on the fiscal cliff and on europe that has those things waned a little bit, these things now come to the forefront. but they've been going on really for some time. >> chris and dean will be with us for the rest
ceiling, every single thing you mentioned was policymakers. has it always been like that or is this a different period for your firm? >> this is i think pretty new. >> so it's hard to avoid talking about those things, right? >> that you have to pay attention to central banks, of course, and this philosophy of becoming more like bernanke. and then, of course, you have to watch what happens in washington. >> we never used to, though, did we? >> no. it's certainly --...
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Feb 15, 2013
02/13
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congress and the president agreed to it all as a way to escape the debt ceiling crisis of 2011. >> serious cuts at air ports, seaports. >> reporter: at a hearing a slew of president obama's cabinet secretaries warned what's coming. >> the damage here would be irreparable. i wish i had a magic wand to wave, i simply don't have that. >> reporter: in addition to tsa cuts creating longer airport security lines, the department of homeland security may have to lose the equivalent of 5,000 agents at border and slice $1 billion from fema. education cuts, 70,000 children could be kicked out of head start problems for low-income families. the pentagon may have to furlough thousands of defense workers. >> we might as well just pack up and go home. because if we're just going to have across the board cuts what is the point of our being here? >> reporter: while democrats and moderate republicans want to slam on the sequester brakes, some conservative lawmakers are cheering on the cuts. >> not only should the sequester stand, many pundits say the sec questions administer's far short. that we need $4 tri
congress and the president agreed to it all as a way to escape the debt ceiling crisis of 2011. >> serious cuts at air ports, seaports. >> reporter: at a hearing a slew of president obama's cabinet secretaries warned what's coming. >> the damage here would be irreparable. i wish i had a magic wand to wave, i simply don't have that. >> reporter: in addition to tsa cuts creating longer airport security lines, the department of homeland security may have to lose the...